[graciegirl]

Originally Posted by ijusluvit

Maybe there's a simple explanation which got by me, but here's what I don't get:

The developer, with a very gracious full page ad/editorial in The Sun, settled a lawsuit brought by some very brave POA members a few years ago. The districts north of 466 received about $44 million and the right to form the AAC committees to control the use of amenity fees, etc.

Why in the world would the developer, whose work I have immense respect for btw, not argue that he did not owe this money when he was selling off facilities to those same districts to the tune of maybe a $47.1 million loss?????

He didn't know he was selling facilities at a loss?
His lawyers recently helped him discover those losses?

Villages developer to pay $40 million for recreation upgrades to settle a lawsuit - Orlando Sentinel